Practicing Success
Practicing Success
CUET Preparation Today
| Expenses on the dissolution of a partnership firm are called : |
Loss Expenses Loss Expenses Realisation Expenses None of these |
| Realisation Expenses |
| Realisation Expenses are the expenses incurred on the dissolution of a firm. These expenses belong to the firm and hence, they should be paid by the firm. However, sometimes these expenses are paid by the firm on behalf of a partner. In such cases, the Concerned Partner’s Capital/Current Account is debited. |
